RenMoney

RenMoney Microfinance Bank is one of the leading loan providers in Nigeria. The company offers multiple consumer finance products, such as personal loans without collateral, cash loans, group loans, as well as POS (point of sale) loans for individuals. RenMoney MfB Limited is headquartered in Ikoyi, Lagos, while operating in multiple Nigerian cities, such as Abuja, Port Harcourt or Ibadan.
RenMoney is one of the preferred money lenders in Nigeria by offering fast loan processing times and highly responsive customer support.

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Head office: 89, Awolowo Road Ikoyi, Lagos, Nigeria.

Other Locations: Surulere, Opebi, Lagos Island, Ajah and Apapa

Phone: 0700 73666639

Email: help@renmoneyng.com

Website: http://www.renmoneyng.com

More about RenMoney

RenMoney MFB Limited, formerly known as RenCredit, is a consumer finance institution dedicated to bridging the gap between loan seekers and risk averse traditional banks. The business was first opened with a single branch in Ikoyi, Nigeria, with the primary goal of understanding the financial needs of the everyday Nigerian consumer. This understanding quickly lead to the development of their simple money solutions and a further 6 branches being opened across Nigeria. Headquartered at 89, Awolowo Road, Ikoyi, RenMoney is now dedicated to innovation, transparency and accountability in its operations. The company has witnessed impressive growth over a brief period thanks to its dynamic loan products as well as understanding of the Nigerian loan market.

In understanding the need to provide dynamic loan products, RenMoney prides itself in being the first Micro Finance Bank (MFB) to launch Cloud technology with minimal fixed asset investment in Nigeria. RenMoney is equipped with reliable and efficient systems that ensure their brand promise of 24 hour disbursement to customer's preferred accounts, is kept. This unique technology has made RenMoney more efficient than their competitors and it is an integral part of the company's strategy.

Since receiving an operating license in October 2012, the company has grown to employ over 300 people and has high hopes for its future. According to CEO, Graham Lee, the company has four key pillars of strategy that are uniquely designed to create an optimistic long-term view. These four pillars include: World Class Risk Management; Innovative and Cost-Effective Technology; Price Leadership and Strategic Partnerships.

In focusing on the four pillars of strategy, RenMoney caters for a wide spectrum of the Nigerian society. With products developed to be accessible and appealing to the mass public, RenMoney is proud to supply a quality service able to meet the needs of the everyday Nigerian. RenMoney now provides a range of product lines to its customers, including the following:

1. Unsecured Cash Loans: These are offered to individuals, groups as well as small businesses (SMEs). The loan amounts granted range between ₦50,000 and ₦2,500,000 and have a tenor between 3-12 months. The application process for those RenMoney loans can be done online via TopCheck, which directly re-directs the application to RenMoney's customer support team.

2. Fixed Deposits: These are available to private individuals, who would like to earn a higher interest rate on their savings than on the traditional bank accounts. The minimum amount here amounts to ₦250,000, while the customer can choose the tenor, which needs to be fixed when the deposit account is opened. Recently. RenMoney offered fixed deposit accounts also for corporate clients with attractive interest rate schemes.

3. Target Savings: This plan from RenMoney offers a saving account is aimed for individuals, who look for a safe and motivating way to save cash for a certain goal, e.g. buying a car. The RenMoney target savings plan is insured by the NDIC and provides great returns for monthly cash savings starting at ₦20,000.

4. Smartphone Financing: This product allows anyone to purchase a smartphone from RenMoney at lesser rates. In partnership with selected network providers, RenMoney will help finance the monthly bundle on the latest smartphones.

5. Loan@Work: This is designed for employees under the Loan@Work scheme to be able to access loans at reduced interest rates

6. School Fees Loans: This loan scheme allows for both adults and kids to have their education financed by RenMoney. Loan disbursements are made directly to the educational institute on behalf of the applicant and is then repaid to RenMoney, by the applicant, on a monthly basis.

7. Point of Sale Loans: This plan allows for any household appliances to be purchased through RenMoney's Point-of-Sale Loans. Repayments on these appliances are then made to RenMoney on a monthly basis by the applicant.

RenMoney’s vision is to be the foremost consumer organisation in Nigeria and aims to achieve this goal by providing some of the best risk-adjusted rates in Nigeria coupled with flexible terms for each investor. The easiest and fastest way to apply for a RenMoney loan is via TopCheck, where you can directly submit your loan application online in order ensure a fast processing of your loan.

RenMoney MFB Limited, formerly known as RenCredit, is a consumer finance institution dedicated to bridging the gap between loan seekers and risk averse traditional banks. The business was first opened with a single branch in Ikoyi, Nigeria, with the primary goal of understanding the financial needs of the everyday Nigerian consumer. This understanding quickly lead to the development of their simple money solutions and a further 6 branches being opened across Nigeria. Headquartered at 89, Awolowo Road, Ikoyi, RenMoney is now dedicated to innovation, transparency and accountability in its operations. The company has witnessed impressive growth over a brief period thanks to its dynamic loan products as well as understanding of the Nigerian loan market.

In understanding the need to provide dynamic loan products, RenMoney prides itself in being the first Micro Finance Bank (MFB) to launch Cloud technology with minimal fixed asset investment in Nigeria. RenMoney is equipped with reliable and efficient systems that ensure their brand promise of 24 hour disbursement to customer's preferred accounts, is kept. This unique technology has made RenMoney more efficient than their competitors and it is an integral part of the company's strategy.

Since receiving an operating license in October 2012, the company has grown to employ over 300 people and has high hopes for its future. According to CEO, Graham Lee, the company has four key pillars of strategy that are uniquely designed to create an optimistic long-term view. These four pillars include: World Class Risk Management; Innovative and Cost-Effective Technology; Price Leadership and Strategic Partnerships.

In focusing on the four pillars of strategy, RenMoney caters for a wide spectrum of the Nigerian society. With products developed to be accessible and appealing to the mass public, RenMoney is proud to supply a quality service able to meet the needs of the everyday Nigerian. RenMoney now provides a range of product lines to its customers, including the following:

1. Unsecured Cash Loans: These are offered to individuals, groups as well as small businesses (SMEs). The loan amounts granted range between ₦50,000 and ₦2,500,000 and have a tenor between 3-12 months. The application process for those RenMoney loans can be done online via TopCheck, which directly re-directs the application to RenMoney's customer support team.

2. Fixed Deposits: These are available to private individuals, who would like to earn a higher interest rate on their savings than on the traditional bank accounts. The minimum amount here amounts to ₦250,000, while the customer can choose the tenor, which needs to be fixed when the deposit account is opened. Recently. RenMoney offered fixed deposit accounts also for corporate clients with attractive interest rate schemes.

3. Target Savings: This plan from RenMoney offers a saving account is aimed for individuals, who look for a safe and motivating way to save cash for a certain goal, e.g. buying a car. The RenMoney target savings plan is insured by the NDIC and provides great returns for monthly cash savings starting at ₦20,000.

4. Smartphone Financing: This product allows anyone to purchase a smartphone from RenMoney at lesser rates. In partnership with selected network providers, RenMoney will help finance the monthly bundle on the latest smartphones.

5. Loan@Work: This is designed for employees under the Loan@Work scheme to be able to access loans at reduced interest rates

6. School Fees Loans: This loan scheme allows for both adults and kids to have their education financed by RenMoney. Loan disbursements are made directly to the educational institute on behalf of the applicant and is then repaid to RenMoney, by the applicant, on a monthly basis.

7. Point of Sale Loans: This plan allows for any household appliances to be purchased through RenMoney's Point-of-Sale Loans. Repayments on these appliances are then made to RenMoney on a monthly basis by the applicant.

RenMoney’s vision is to be the foremost consumer organisation in Nigeria and aims to achieve this goal by providing some of the best risk-adjusted rates in Nigeria coupled with flexible terms for each investor. The easiest and fastest way to apply for a RenMoney loan is via TopCheck, where you can directly submit your loan application online in order ensure a fast processing of your loan.